FOR SALE Land Area: ± 5 AC Year Built: 2017-2018 % Leased: ± 80% Leasable SF: ± 38,382 Price Per SF: $99.00 CANNABIS FARM Oregon City, OR INVESTMENT REAL ESTATE SERVICES Brad Macomber 503.225.8481 BradM@norris-stevens.com Luis Martin del Campo 503.416.8422 LuisM@norris-stevens.com
EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS Price: $3,800,000 Cap: 7.14% (Proforma) Land Area: ± 5 AC Year Built: 2017-2018 % Leased: ± 80% Leasable SF: ± 38,382 Price Per SF: $99.00 Current Rents PSF: $6.00 - $9.00 Zoning: EFU NORRIS & STEVENS, INC. IS PLEASED TO PRESENT THE FOLLOWING EXCLUSIVE LISTING: Oregon City Cannabis Farm is a turn-key multi-tenant cultivation facility on 5 acres. The offering provides an opportunity to acquire nine grow buildings (totaling 36,000 SF) and one house (2,382 SF) at 80% occupancy. Owner will carry contract for qualified buyer Nine grow buildings (totaling 36,000 SF) 7,920 SF ready for owner to setup grow operation or can be leased prior to closing Secured property with perimeter fencing and video surveillance in place Zoned EFU, property is marijuana grower compliant Ideally located 35 minutes from Portland Two separate parcels totaling ± 5 acres One house (2,382 SF) with all modern amenities including: modern kitchen with stainless steel appliances, 3 bedroom 2 bath multi-level with natural wood finishes Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction. 1
SITE PLAN INVESTMENT REAL ESTATE SERVICES House Warehouse Greenhouse/Pole Barns Vacant ± 7,920 SF Greenhouse 9 New Agriculture Buildings: Building A/Suite 104 Building B/Suite 103 Building C/Suite 101 Green House D/Suite 101 (3) Green House E Green House F Green House G 6,480 SF 6,480 SF 6,480 SF 2,880 SF 2,700 SF 2,700 SF 2,520 SF ROAD ENTRANCE Vacant 7,920 SF Available for Lease N G F E D D D Bldg A Bldg B Bldg C 2 Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction.
PROPERTY PHOTOS WAREHOUSES Six green houses and pole barns totaling 16,560 SF. Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction. 3
PROPERTY PHOTOS HOUSE INVESTMENT REAL ESTATE SERVICES House features 3 bedroom, 2 bath on 2 floors with natural wood finishes, totaling ± 2,382 SF. Modern kitchen with stainless steel appliances. 4 Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction.
AERIAL MAP Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction. 5
AERIAL MAP 6 INVESTMENT REAL ESTATE SERVICES Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction.
FINANCIALS OFFERING SUMMARY Sale Price $3,800,000 Down Payment (30%) $1,140,000 Loan Amount $2,660,000 INCOME Base Rent Occupied Space $191,640 Vacant Space at Market $95,040 EXPENSES Real Estate Taxes $3,800 Insurance $7,000 Management at 4% $11,467 Loan Type Owner Carry Gross Potential Rent $286,680 Misc. (Port-a-Potty) $1,200 Interest Rate/Amortization 6.00% / 25 Yrs Expense Reimbursement $22,267 Total Expenses $23,467 Gross Leaseable Area (SF) 38,382 Price Per Square Foot $99.00 Year Built 2017-2018 Lot Size (AC) 5 Cap Rate Proforma 7.14% RENT ROLL Gross Potential Income $308,947 Vacancy/Collection Allowance $14,334 Effective Gross Income $294,613 Total Expenses $23,467 Net Operating Income $271,146 Debt Service $205,000 Debt Coverage Ratio 1.32 Net Cash Flow After Debt Service $66,146 Cash on Cash Return 5.80% Expenses per SF $0.61 Lease Summary Start Date End Date Price PSF SF Increases Current Year Rent Vacant at Market Lease Terms House 12.26.2015 12.31.2018 $9.00 2,382 0% $21,600.00 Month to Month Suite 101 (3 green houses) 04.01.2018 03.31.2028 $6.16 8,640 0% $53,280.00 10 yrs Suite 102 09.01.2017 08.31.2027 $6.00 6,480 0% $38,880.00 10 yrs Suite 103 11.01.2017 10.31.2022 $6.02 6,480 0% $39,000.00 Suite 104 03.01.2018 02.28.2023 $6.00 6,480 0% $38,880.00 Suite 105 (2 green houses, 1 pole barn) $12.00 7,920 0% $95,040.00 Total 38,382 $191,640 $95,040.00 5 yrs w/ 3 yr option rent doubles 5 yrs w/ 3 yr option rent doubles Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction. 7